The main contractors for the $40 billion Liquefied Natural Gas (LNG) export plant in British Columbia have been finalized, according to the consortium. There was fear that the increase I the steel imports proposed by the US government recently could cause a lot of hindrance to this LNG project.
The consortium said that it was a significant development as far as the second LNG wave is concerned. The construction of the LNG project in Kitimat on the West Coast of British Columbia will be jointly done by Japan’s JGC Corp. and US-based Flour Corp. They will be leading the $14 billion construction and thousands of employees will be employed for the construction job. The consortium has said that the project would take five years to complete.
The consortium led by Royal Dutch Shell Plc is yet to make a decision on investing in the project. It will be making a decision this year on the investment part. Shell has said that the LNG project in B.C. is its top priority. The company wants to keep its portion of the leading LNG player in the world intact.
Shell has said that the LNG Canada is one of the best build options that they have in their portfolio.